Learn About Life Insurance Basics

Life Insurance Basics

There's a lot to learn when you're getting started with life insurance, and there's still a lot to learn when you've had insurance for years. State Farm® wants to make sure you understand the basics and feel confident that you're making informed choices.

Get a Life Quote

With our life insurance policies, you can help your family:

  • Keep paying the home mortgage.
  • Maintain their current standard of living.
  • Pay off debts, capital gains and probate fees, and final expenses.
  • Create a fund for post-secondary education.
  • Create a fund for a family member with special needs.
  • Protect their dreams for the future.

Getting Started

Find out more about the basics of life insurance and what State Farm offers.

Beyond the Basics

Want to explore the possibilities of your life insurance? Learn how to get the most from your policy and benefits.

Converting term insurance to permanent
Switch from a term life policy to a whole life policy without a new health screening.

How Universal Life works
Learn how universal life policies provide flexibility for premium, account value, and death benefit.

Return of Premium term
Get the basics on the life insurance policy that pays you back1.

Options and riders
Extend and enhance your life insurance coverage.

Family insurance
Protect your whole family with one policy.

Servicing Your Policy

State Farm life insurance policy owners and beneficiaries can access a number of online resources, such as servicing and filing claims on existing policies.

Getting started online
Just a few easy steps to access your accounts.

How to make a claim
Review the procedures and options for claiming a death benefit.


1The return of premium benefit on the base policy is taxable and will have tax implications. See your State Farm agent for details. Any Waiver of Premium for Disability premiums returned as part of the return of premium benefit may be taxable.

Insurance policies and/or associated riders or features may not be available in all provinces, and policy terms and conditions vary by province.

This is a general description of coverage. A complete statement of coverage is found only in the policy.

For more details on coverage, costs, restrictions, and renewability; or to apply for coverage, contact your local State Farm agent.

State Farm agents do not provide tax, legal, or investment advice. Please consult your tax, legal, or investment advisor regarding your specific circumstances.

Coverage will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.

Dividends are a return of premium and are based on the actual mortality, expense, and investment experience of the company. Dividends are not guaranteed.

IL-1015.0 CAN